Multiple Choice
In the following, which may be a limitation or bias that a decision-maker has in information acquisition?
A) People tend to adjust their initial impressions more slowly than optimal rules derived from decision theory;
B) People tend to judge probabilities of events according to the number of occurrence instead of the rate of it;
C) People tend to select information that is readily available to them and ignore what is less available;
D) People tend to consider extreme value without considering the effect of randomness;
E) People tend to see relationships between variables even if there is not covariance.
Correct Answer:

Verified
Correct Answer:
Verified
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